China EV price wars weigh on BYD, Japan automaker stocks
TOKYO -- A prolonged EV price war in China is weighing on industry leaders like BYD, with the stocks of Japanese automakers involved in the market also taking a hit.
YUSHO CHO in asian news
China's 'hidden' defaults reflect weak local government finances
TOKYO -- China's recent plan to help local governments arrange purchases of unsold private-sector housing comes amid increasingly clear cracks in the finances of municipalities that rely on the property market for revenue.
Corporate China suffers first profit decline in 5 years
TOKYO -- China's publicly traded companies took a net profit hit for the first time in five years in 2023, as a protracted property sector slump bled into other industries.
BYD shares rebound on China's latest push for EV buying
TOKYO -- Shares in Chinese electric-vehicle maker BYD have bounced back about 30% from recent lows after China's government said it would encourage drivers to replace their old cars.
China plagued by growing burden of corporate bond repayments
TOKYO -- Chinese companies are having a tough time paying off debt, with corporate bonds due to mature in 2024 hitting a record high of 6.8 trillion yuan ($945.53 billion), up about 20% from last year.